Post
Topic
Board Trading Discussion
Re: Missed out on bitcoin, please make me a plan now
by
RealMalatesta
on 22/02/2021, 06:36:26 UTC
So what would you guys who actually know about these things suggest? What do you think would be a good plan? Maybe put 10 000 to bitcoin now and wait and see what happens? Or are there some other cryptos I should buy? Maybe spread the money? Is there a better buying opportunity for something else right now? How well has stop loss worked with Bitcoin? Maybe I'd invest 6000 with no stop loss, 6000 with a stop loss to 25% lower? Then see what happens and buy more if there's a dip. I know it's a shame I woke up too late so I don't need to be reminded of that, but I would really really appreciate if you could share your knowledge of how to salvage whatever can be salvaged, thank you!!
I believe having that kind of interest in crypto today is a risky thing as well, you should always consider that. Why? Because we are already super high right now and that means we could always have a huge crash, and even if we do not have a huge crash, even if the price reaches to 100k soon, that would be less than 2x profit for you whereas people would made more than 10x profit at the same time, obviously that is not going to be simple for you since after a crash you would be one of the first ones to start losing money, whereas people who got in at 10k or 20k or even 30k and 40k would be a lot easier to hold and wait while you lose money.

So that means you should probably be careful and do a DCA, I would suggest buying piece by piece so that you would be buying from higher or lower prices but not going all in. It is really a difficult job to enter during a bull run.